VECP.L vs. JR15.L
VECP.L (Vanguard EUR Corporate Bond UCITS ETF Distributing) and JR15.L (JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc)) are both European Corporate Bonds funds. VECP.L is passively managed, while JR15.L is actively managed. Over the past 5 years, VECP.L returned -0.26%/yr vs 0.94%/yr for JR15.L. A 0.79 correlation means they provide meaningful diversification when combined. VECP.L charges 0.09%/yr vs 0.04%/yr for JR15.L.
Performance
VECP.L vs. JR15.L - Performance Comparison
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Different Trading Currencies
VECP.L is traded in GBP, while JR15.L is traded in EUR. To make them comparable, the JR15.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VECP.L achieves a -2.36% return, which is significantly lower than JR15.L's -2.04% return.
VECP.L
- 1D
- 0.32%
- 1M
- -2.31%
- 6M
- -1.87%
- YTD
- -2.36%
- 1Y
- -0.51%
- 3Y*
- 3.85%
- 5Y*
- -0.26%
- 10Y*
- 0.95%
JR15.L
- 1D
- 0.06%
- 1M
- -2.01%
- 6M
- -1.72%
- YTD
- -2.04%
- 1Y
- -0.15%
- 3Y*
- 3.71%
- 5Y*
- 0.94%
- 10Y*
- —
VECP.L vs. JR15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | -2.36% | 8.48% | -0.44% | 5.44% | -8.54% | -7.52% | 8.36% | 0.80% | 0.84% |
JR15.L JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) | -2.04% | 8.99% | -0.40% | 4.09% | -2.99% | -6.28% | 6.54% | -3.41% | 0.92% |
Correlation
The correlation between VECP.L and JR15.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2018 | 0.79 |
The correlation between VECP.L and JR15.L has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
VECP.L vs. JR15.L — Risk / Return Rank
VECP.L
JR15.L
VECP.L vs. JR15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) and JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) (JR15.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VECP.L | JR15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.00 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | -0.04 | -0.08 |
| Martin ratioReturn relative to average drawdown | -0.29 | -0.10 | -0.19 |
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Drawdowns
VECP.L vs. JR15.L - Drawdown Comparison
The maximum VECP.L drawdown since its inception was -21.45%, which is greater than JR15.L's maximum drawdown of -15.79%. Use the drawdown chart below to compare losses from any high point for VECP.L and JR15.L.
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Drawdown Indicators
| VECP.L | JR15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.45% | -15.79% | -5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.22% | -3.62% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -3.62% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -16.78% | -9.87% | -6.91% |
Max Drawdown (10Y)Largest decline over 10 years | -21.45% | — | — |
Current DrawdownCurrent decline from peak | -7.84% | -3.36% | -4.48% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -7.42% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.46% | +0.31% |
Volatility
VECP.L vs. JR15.L - Volatility Comparison
Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) has a higher volatility of 1.23% compared to JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) (JR15.L) at 1.14%. This indicates that VECP.L's price experiences larger fluctuations and is considered to be riskier than JR15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VECP.L | JR15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.14% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 3.14% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.67% | 4.26% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 5.50% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.18% | 6.25% | +0.93% |
VECP.L vs. JR15.L - Expense Ratio Comparison
VECP.L has a 0.09% expense ratio, which is higher than JR15.L's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VECP.L vs. JR15.L - Dividend Comparison
VECP.L's dividend yield for the trailing twelve months is around 3.44%, while JR15.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JR15.L JPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | 3.44% | 3.37% | 3.44% | 2.80% | 1.00% | 0.62% | 0.59% | 0.81% | 0.96% | 1.07% | 0.85% |
Frequently Asked Questions
VECP.L and JR15.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JR15.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JR15.L is cheaper with a 0.04% expense ratio, compared with 0.09% for VECP.L.
They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.09% for VECP.L and 0.04% for JR15.L.
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